INVECH Group is a partnership put together by an extensive group of businesses and experts from Malaysia, Hong Kong, China, Indonesia and Timor Leste.
We have expertise from raw material mining, logistics, industrial development, renewable energy development, tourism, healthcare, banking and finance, oil and gas, real estate, education and information technology.
Invech Cryptocurrency Exchange is a cryptocurrency exchange spearheaded by Invech Group. We have our own platform tokens called Invech Coins or IV which runs
on the ERC20 platform. Licensed and endorsed directly from the Timor Leste Government, our license covers the whole blockchain and cryptocurrency framework,
including cryptocurrency exchanges, ICOs, mining farms, blockchain solutions and etc. It is also the first blockchain / cryptocurrency service coming out of Timor Leste.
The Democratic Republic of Timor-Leste, or East Timor in English, is the 1st New Sovereign State of the 21st century. It is located in Southeast Asia, with a population of around 1.3 million. Sharing borders with Indonesia, the sovereign state comprises the eastern half of the island of Timor and several other nearby islands. The country restored its sovereignty in 2002 after the Indonesian occupation. Timor Leste’s decades-long independence struggle against Indonesia impaired much of its economic infrastructure, reducing it to Asia’s poorest country. Today, they are still rebuilding and rectifying the preindependence adversity. And Invech hopes to be the channel for the people of Timor Leste to enhance and transform the economy status. Thus, creating a sustainable economy, and at the same time a tech savvy and advance, blockchain nation.
LISTING ON INVECH CRYPTOCURRENCY EXCHANGE
If you have a coin/ token that you wish to be listed on Invech.io later, participating in our IEO (Initial Exchange Offering) will help. At the moment, we encourage ICOs to wants to list with us to reach out to us directly as different ICOs has different needs with different terms. Nevertheless, we will screen through all ICOs thoroughly before listing with us according to our listing SOP. You may also check out our website for our listing criteria once available.
EXCHANGE
We will take a holistic approach to set up our cryptocurrency exchange. Thus, providing a secure, safe, multilingual and user-friendly environment for all users internationally.
Exchange Features
Providing matching orders between buyers and sellers at best price available
• Supporting multiple currency wallets, allowing centralized, easy implementation of several different
cryptocurrencies. All cryptocurrencies will be automatically secure via a multi signature cold storage allowing
security and preventing external access.
• Full order book providing necessary liquidity to instantly buy and sell cryptocurrencies with tight spreads.
• All cryptocurrency funds will be automatically managed by our integrated wallet software. All funds including
cryptocurrency and fiat (which will be implemented accordingly)
• We will support but not limited to: English, Chinese, Indonesian, Portuguese, Japanese and Korean on all of our user
interfaces. (The very initial release will be in English, Chinese and Indonesian, Portuguese only.) More languages will
be added over time.
• Invech will also implement FIAT – Crypto pairings and withdrawals in the near future. We are aiming for USD, HKD and IDR.
PLATFORM TOKEN - INVECH TOKEN
IV token is the fundamental token used by Invech in all of its project. As a start it can be used as a platform token for Invech Crypto Currency Exchange, and later be used on all of Invech licensed businesses. 500,000,000 unit of IV tokens have been created on the ERC20 platform, and the amount would never increase nor decreased.
IV will run natively on the Ethereum blockchain, ERC20 platform.
These are the list of coins / pairs that will be listed first.
• BTC / Bitcoin
• ETH / Ethereum
• USDT / Tether
• IV / Invech Token
More coins / pairs will be added/ listed over time. We generally will only add coins that have strong credibility, user base, and liquidity.
We also have plans to support fiat currency, mainly USD, HKD and IDR. To be implemented accordingly later on.
IEO SALES
175,000,000 IV will be open for the public
IEO will run for 60 days starting from 1st November 2018.
Phase 1 – 30 days: 75,000,000 IV @ 20% discount. Locked in for 6 months
Phase 2 – 30 days: 100,000,000 IV @ 10% discount. Locked in for 9 months
Unsold IV Tokens at IEO will be given to the Timor Leste – Invech Foundation with a vesting period
of 3 years.
Soft Cap: 75,000,000 IV Tokens (USD 24,000,000)
Hard Cap: 175,000,000 IV Tokens (USD 60,000,000)
Pricing at IEO
Phase 1: US$0.32 (after 20% discount)
Phase 2: US$0.36 (after 10% discount)
More info :
| WEBSITE | TWITTER | TELEGRAM | ANN | WHITEPAPER | IEO | INVECH CRYPTOCURRENCY EXCHANGE
Author: awakpane
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1269416
ETH Address: 0x54EeC03d240d3B57080a89ccABD43B5F69655A51